CITA: Honduran sock imports cause ôserious damageö to U.S. makers
The U.S. Committee for the Implementation of Textile Agreements has determined that imports of Honduran-origin cotton socks cause 'serious damage' to U.S. makers.
Honduras is part of the U.S.-Central American Free Trade Agreement-Dominican Republic (CAFTA-DR). Cotton sock imports from Central America have been a source of contention for remaining sock makers in the United States.
CITA has determined that a 5 percent ad valorem duty will apply to all Honduran sock imports classified under the Harmonized Tariff Schedule subheading 6115.95 and entered, or withdrawn from a warehouse, for consumption from July 1 through Dec. 31, 2008.
'The 5 percent ad valorem duty shall be applicable on the full value of the entered goods, regardless of the value of any United States content of such goods,' CITA said in a Federal Register notice Tuesday.